CM Palaniswami Invited Global Auto Majors to Invest in Tamil Nadu

Tamil Nadu Chief Minister K. Palaniswami has written to the global heads of 11 automobile manufacturers urging them to invest in the state.

In a statement issued here, the government said due to the impact caused by Covid-19 to the world economy, many overseas industries are likely to exit from certain countries and relocate their manufacturing activities in countries like India.

In order to attract such potential investments to Tamil Nadu, Palaniswami has written to the head honchos of 11 automobile makers across the globe.

The government said Palaniswami has sent letters to the Chief Executive Officer of Volkswagen Herbert Diess, Chief Executive Officer of Skoda Bernhard Maier, Chairman of Mercedes-Benz Ola Kallenius, Chief Executive Officer of Audi Markus Duesmann, President of Honda Takahiro Hachigo, President of Toyota Akio Toyoda, Chairman of BMW, Oliver Zipse, Chief Executive officer of Luxgen Taoyuan Motor Co. Ltd Hu Kai-Chang, Chief Executive Officer of Jaguar Land Rover Ltd Ralph D. Speth, Chairman and Chief Executive Officer of General Motors and Chevrolet Mary T. Barra and Chief Executive Officer of Tesla Elon Musk.

The letter outlines the investment potential and inherent advantages of Tamil Nadu which offers excellent support for business and industry to further their growth and promises a customised incentive package as per their requirement.

Interestingly, many of the global automotive companies are already present in India and also in Tamil Nadu.